If Stock Is Issued for an Asset Other Than Cash,the

question 3

Multiple Choice

If stock is issued for an asset other than cash,the asset should be recorded on the books of the corporation at:

• A)fair market value of the asset.
• B)book value of the asset.
• C)par value of the stock.
• D)fair value of the stock minus the par value of the stock.

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Definitions:

Klutzes

Describes persons who are clumsy, often making mistakes or causing accidents in a somewhat comical or endearing way.

Personal Hygiene

Practices and habits that are intended to care for one's bodily health and well-being, through cleanliness.

Macroeconomics

A branch of economics dealing with the structure, performance, behavior, and decision-making of an economy as a whole, rather than individual markets.

Marginal Products

The additional output that is produced as a result of adding one more unit of a particular input while holding other inputs constant.